Life Cycle Cost (LCC) analysis is a tool used to incorporate design,
operation, and support cost impacts into the design process. LCC is also an
analysis tool that is used to view a product and its support system from an
economic standpoint during the design process. All modernization activities
are checked with LCC. LCC analyses address research, development, production,
operation, maintenance, phase out, and modernization. Its tradeoffs are
traceable back to customer requirements through interplay between the
specifications tree, level breakdown, and LCC analyses. The LCC process is
repeated whenever any of the factors that affect product design or support
change.